MWLA #1

Individual food budgets are ​ (a)   food budgets for families.

• less than
• more than
• equal to

Tags

CCSS.6.EE.B.5

CCSS.6.EE.B.8

The envelope strategy means you can only put your money into physical envelopes.

• True

• False

Which of the following is a common mistake when creating a budget?

• Not tracking expenses

• Setting realistic goals

• Reviewing the budget monthly

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

The pay yourself first strategy means you put money into the (a)   category

first.

• savings
• needs
• wants

Organize these options into the right categories

Groups:

(a) Needs

,

(b) Wants

,

(c) Savings

• Groceries

• Retirement Fund

• Transportation

• Entertainment

• Hobbies

• Vacation

• Clothing

• Electronics

• Education

• Rent

• Home Down Payment

• Vacation Fund

• College Fund

• Emergency Fund

• Utilities

• Investment Portfolio

• Healthcare

• Restaurant dining

Families spend more money on groceries for home than at restaurants.

• True

• False

Match definition to correct term:

Money earned

• income

• opportunity cost

• risk

• personal finance

• budget

Tags

CCSS.7.RP.A.3

Fixed expenses​ (a)   . Variable expenses​ (b)  

• do not change
• change
• increase
• decrease

Tags

CCSS.HSA.SSE.A.1

Which of the following is NOT a successful budgeting strategy?

• Keep some extra money in your budget for emergencies

• Pay with a credit card if you have a hard time sticking to a budget

• Think about which items are your most important needs

• Revisit your budget regularly and make adjustments

It is better to buy​ (a)   instead of buying​ (b)   .

• whole produce
• packaged produce
• no produce
• meat
• cereal